The USDA’s Risk Management Agency (RMA) announced further changes to the Livestock Risk Program (LRP) insurance plan to take effect on Jan. 20 for the crop year 2021 and succeeding crop years.
The improvements to LRP include: increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually; modifying the requirement to own insured livestock until the last 60 days of the endorsement, and creating new feeder cattle types to allow for unborn livestock to be insured.
“We are always looking for feedback from producers and other stakeholders,” said RMA Administrator Martin Barbre. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.”
For more information, please see the livestock insurance plans page on the RMA website. Crop insurance is sold solely through private insurance agents, and a list can be found at the RMA agent locator.
